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Essay Benefits Of Free Trade

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Free trade is the economic policy of not discriminating against imports from and exports to foreign jurisdictions. While carrying out free trade, buyers and sellers from separate economies voluntarily trade without the domestic government applying tariffs, quotas, subsidies or prohibitions on their goods and services. In order to promote economic growth, nation-states carry out free trade. However, in order for a nation-state to ultimately benefit from free trade, an inclusive economic growth is required . In this essay, we will be examining how social and educational policies in China and India can determine if free trade would be ultimately beneficial for a nation-state.

Free trade will be ultimately beneficial if the nation-state implements sufficient and effective educational and social policies. If the government implements sufficient and effective educational and social policies, a country will be able to benefit from free trade. Making use of these educational and social strategies, the country will be able to handle inclusivity in economic growth and hence everyone will be able to benefit from the economic growth promoted by free trade. …show more content…

The lower income have no chance to be exposed to benefits of free trade, since many do not have the qualifications to apply for job opportunities created by free trade and hence, are unemployed. Education attainment is an important qualification. If there is sufficient and effective educational and social policies, the poor would achieve proper and better education. This allows higher chance of them being exposed to job opportunities opened up by free trade. Everyone will then be able to benefit from the nation state’s economic growth, and would be able to enjoy the benefits of free

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